Gold & Jewellery Retail Biz Raising Funds In Mumbai
About Business
The founder has been operating a retail and wholesale business in jewellery, silver articles, gemstones, and artificial jewellery for the past 30 years. The retail shop specializes in a wide range of gold and silver ornaments, currently achieving an average monthly sales of approximately ₹2 lakhs.
Now, the founder is planning to expand into the wholesale segment, with a primary focus on gold chains. The target market for this wholesale venture is Mumbai. At present, the business is already associated with 40–50 wholesale customers and operates on a commission basis. The goal is to transition into direct wholesale trading to scale operations and increase margins.
Clientele type
Retail customers and retail jewellery shops are the main clients.
Premises
OWNED
Premise Size: 170 sq feet
Market Value (in INR): 1.00 Cr
Asking Price Includes
33 percent partnership will be offered by the founder.
Asking Price
INR 5.00 Cr
Minimum ticket size
INR 5.00 Cr
Reason
To scale the business by entering the wholesale market, the founder is now seeking a suitable investor.
Licenses
Gst registration
More Details
The founder has been running a retail gold jewellery shop since 1999 and is now looking to expand into the wholesale market.
Keywords
Business Tags
₹10 to ₹200 Cr
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